Find the beola corporation charitable contribution deduction

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Question - Boela Corporation, a calendar year corporation, had the following Income and Expenses during the year of 2019: Income From Operations- $600,000; Expenses From Operations- $400,000; Dividends Received- $60,000; Charitable Contributions- $36,000. Find the Beola Corporation's Charitable Contribution deduction for the year of 2019?

1. $26,000

2. $36,000

3. $20,000

4. $19,200

Reference no: EM132635583

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